NEW YORK, March 3, 2015 (GLOBE NEWSWIRE) — The following statement is being issued by Levi & Korsinsky, LLP:
TO: ALL PERSONS OR ENTITIES WHO PURCHASED OR OTHERWISE ACQUIRED COMMON SHARES OF INTERNATIONAL BUSINESS MACHINES CORPORATION (IBM) BETWEEN APRIL 17, 2014 AND OCTOBER 17, 2014.
YOU ARE HEREBY NOTIFIED that a securities class action lawsuit has been commenced in the United States District Court for the Southern District of New York. If you purchased or otherwise acquired International Business Machines Corporation (“IBM”) securities between April 17, 2014 and October 17, 2014, YOUR RIGHTS MAY BE AFFECTED BY THIS ACTION.
To get more information, click here: http://zlk.9nl.com/international-business-machines-ibm/. There is no cost or obligation to you.
The complaint alleges that during the class period defendants issued false and misleading statements and/or omitted adverse facts regarding the true value of IBM’s micro-chip manufacturing operations, known as its Microelectronics business. In particular it is alleged that defendants failed to record an impairment in the value of the Company’s Microelectronics business in conformity with applicable accounting standards, which materially inflated IBM’s earnings during the class period and rendered the Company’s 2014 earnings guidance materially false and misleading.
If you suffered a loss in IBM you have until May 1, 2015 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff. To obtain additional information, contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/international-business-machines-ibm/.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm’s attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.
- Company Legal & Law Matters
- United States District Court